XRP, Bitcoin Now In “Good Buy Zone,” Says Analytics Firm

On-chain analytics firm Santiment has revealed how Bitcoin, XRP, and other cryptocurrencies have dropped into a “buy zone” on a popular metric. MVRV Ratio Shows High Degree Of Short-Term Pain In Bitcoin & Altcoins In a new post on X, Santiment has discussed how the various assets in the cryptocurrency sector are looking based on the 30-day MVRV Ratio. The Market Value to Realized Value (MVRV) Ratio is an on-chain indicator that measures the ratio between the market cap and Realized Cap for a given coin. Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? The Realized Cap here refers to a capitalization model that calculates the asset’s total value by assuming the value of each individual token is equal to the price at which it was last transacted on the blockchain source: https://www.newsbtc.com/xrp-news/xrp-bitcoin-good-buy-zone-says-analytics-firm/